Accounting March 31, 2023
Financial Accounting Standards Advisory Council Meeting Recap
The FASB chair provided highlights on FASB activities, and the SEC and PCAOB staff members commented on current issues and activities.
Accounting February 9, 2023
AuditFile Partners with AuditClub for Audit Efficiency and Quality
New AuditFile software feature helps firms connect with AuditClub fractional auditors to complete audits and reviews under tight deadlines
Accounting February 7, 2023
IIA Opposes New PCAOB Standard Proposal’s Anti-Internal Auditor Language in Comment Letter
The comment letter notes that the proposed change in the standard is presented without any apparent explanation or evidence for the need for such a change.
Accounting January 18, 2023
The Parallel Problems of Public Accounting & Major League Baseball
After reading former MLB manager Joe Maddon’s recent book, The Book of Joe – cowritten with Tom Verducci –it struck me: The plight of the public accounting industry is not unlike that of Major League Baseball.
Accounting January 11, 2023
Paul Munter to Take Over as SEC Chief Accountant
Munter, who joined the SEC in 2019, has served as acting chief accountant since January 2021.
Auditing January 5, 2023
PCAOB Looks to Modernize Rules for Confirmations
Proposal would replace an interim standard that has not changed substantially since 2003.
Accounting December 18, 2022
PCAOB Granted Authority to Inspect Chinese Audit Firms
"This historic and unprecedented access was only possible because of the leverage Congress created by passing the Holding Foreign Companies Accountable Act," Williams said.
Accounting December 7, 2022
Professionals on the Move – Dec. 2022
Professionals on the Move is a round-up of recent hiring, promotion and staffing announcements around the professional tax and accounting space.
Auditing November 21, 2022
PCAOB Proposes to Refresh Quality Control Rules for Audit Firms
The PCAOB plans to take a five-pronged approach to updating its quality control rules.
Accounting November 17, 2022
AuditClub Addresses CPA Talent Shortage with the Launch of AuditClub Academy
AuditClub Academy is an innovative program designed to nurture interest in auditing careers and accelerate professional development for promising accounting students.
Auditing October 24, 2022
Ex-PwC Auditor in SEC’s Crosshairs as Mattel Will Pay $3.5 Million Over Accounting Errors
Joshua Abrahams is accused of breaking auditor independence rules in PwC’s audit of the toy-making giant.
Accounting October 24, 2022
Spooked by Staffing Shortages? Five Tricks to Retain Your Audit Professionals
Here are a few perennial problems and some suggestions on ways progressive firms can better manage their people and the process of auditing itself.